UNICEF Funding Opportunity for Blockchain Startups. $50-90K Equity-Free Investments Available

UNICEF Innovation Fund is looking to make $50-90K equity-free investments to provide early stage (seed) finance to for-profit technology start-ups that have the potential to benefit humanity.
UNICEF_Innovation

The UNICEF Innovation Fund is looking to make $50-90K equity-free investments to provide early stage (seed) finance to for-profit technology start-ups that have the potential to benefit humanity.

If you’ve got a start-up registered in one of UNICEF’s programme countries and have a working, open source prototype (or you are willing to make it open-source) showing promising results, the UNICEF Innovation Fund is looking for you.

Who are they looking for?

They are currently looking to invest in a group of companies developing software solutions on open blockchains. Examples of these include, but are not limited to:

Smart Contracts 

  • Using smart contracts to replicate and improve on existing organizational mechanisms
  • Efficiencies, transparencies, and accountabilities in contractual engagements (i.e. multi-sig contracts that guarantee certain actors were involved)
  • Transparency in the distribution of resources (can we better show where our money is going?)
  • Interactions across groups (what would a SWIFT code for development look like, if described in Solidity?)
  • Increasing access and use of tokenized systems by creating more user-friendly and more secure interfaces

Analyzing data

  • Using machine learning to understand the activities of public blockchains.
  • Can we develop unicity from transactions on public blockchains?
  • Could we use crypto-flows to help organizations and governments do and understand their transactions more efficiently? Can we use blockchain data to solve humanitarian challenges? (i.e. using bitcoin data to fight human trafficking)

Tokens

  • Can crypto tokens work to incentivize or support behavior that benefits humanity?
  • How could we connect various tokens to each other to maximize human potential?
  • How could we utilize digital scarcity, non-fungible tokens, or digital collectibles for social good?

Mining

  • Can we use passive distributed mining networks to create investment funding opportunities for the UNICEF Venture Fund? (more on cryptocurrency mining)

And + their funding is not necessarily limited to the above.

We are interested in companies that use distributed ledger tech in new, groundbreaking, ways that are scalable, and globally applicable. If you are aligned with our general criteria, we want to hear from you.

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How to Apply?

Go to www.unicefinnovationfund.org
– Click on ‘Submit’ and then ‘Submissions by Start-ups’.

Step 1: 

Check that your company and project meet the eligibility criteria:

– You must be registered as a private company in a UNICEF programme country;
– You are working on open source technology solutions or willing to be open-source under the following licenses or their equivalent: BSD (software), CERN (hardware), or CC-BY (content);
– You have an existing prototype of the solution with promising results from initial pilots
– Your solution has the potential to positively impact the lives of children.

Step 2: 

Read the Request for Expressions of Interest document.

On the site, you can find a document that explains how your submission will be evaluated. Read it before you make your submission, as it will help you focus on what’s important.

Step 3

Any Questions?

Check out the Frequently Asked Questions on the site. You can also submit questions that you have through the form provided on the site.

Step 4: 

Submit your expression of interest

All submissions must be made in English. To support your preparation, please note that the submission form asks for a link to a 2-min pitch video.

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When to apply?

The submissions deadline is on 11:59 EST February 28th, 2018. We encourage you to submit your application when ready as we will be reviewing on an ongoing basis. Only shortlisted companies will be contacted and then requested to submit a more in-depth proposal.

Categories
Blockchain TechnologyDigital InnovationEntrepreneurship & StartupsInnovationsMobile TechnologyTechnology
Mac-Jordan Degadjor

Award winning Ghanaian Technology and Startup Enthusiast. Passionate about the inter-correlation of technology, entrepreneurship and innovation within the African tech ecosystem. Tweet: @MacJordan Got news, products or services to promote on the blog, reach out via hello[at]macjordangh[dot]com or (+233) 544335582

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